Category: Technial Analysis
The major currency pair managed to reach stability on Wednesday. The current quote for the instrument is 0.9730. The United States secretary of the treasury Janet Yellen believes the current USD rate reflects the corresponding monetary policy. According to Yellen, there are no signs of financial instability in global capital markets. She said that strengthening […]
EURUSD, “Euro vs US Dollar” After completing the descending wave at 0.9682 along with the correction up to 0.9733, EURUSD is expected to start a new decline towards 0.9640 and may later correct to test 0.9686 from below. After that, the instrument may resume falling with the target at 0.9600, or even extend this structure […]
The BTC reached stability at $19,140 on Wednesday. Nevertheless, bot short and mid-term trends remain bearish. A local correction in the USD and controversial dynamics in the US stock market helped the major cryptocurrency recover a little bit. However, nothing is changing strategically – investors aren’t interested in risks. At the same time, there are […]
The Pound Sterling is trying to reach stability against the USD. The current quote for the instrument is 1.0990. The statistics published by the United Kingdom in the morning weren’t too positive. The GDP lost 0.3% m/m in August after adding 0.2% m/m in July. The Industrial Production declined 1.8% m/m in August after losing […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed an Inverted Hammer reversal pattern not far from the support area. At the moment, the asset may reverse in the form of a new correctional wave. In this case, the upside correctional target may be at 1680.50. Later, the […]
USDJPY, “US Dollar vs Japanese Yen” As we can see in the H4 chart, USDJPY is trading above the 200-day Moving Average to indicate a possible ascending tendency. However, after breaking 70, the Relative Strength Index is moving above it, signaling that the asset is “overbought” and may start a descending correction soon. In this […]
• USDCHF reversed from resistance zone • Likely to fall to support level 0.9915 USDCHF recently reversed down from the resistance zone lying between the key resistance level 1.0025 (which has been reversing the pair from May), upper daily Bollinger Band and the resistance trendline of the daily up channel from April. The downward reversal […]
• NZDJPY reversed from support zone • Likely to rise to resistance level 82.30 NZDJPY recently reversed up from the support zone lying between the key support level 80.60 (which has been reversing the pair from May) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the earlier short-term corrective […]
On Tuesday, the major currency pair is looking weaker than the day before. The current quote for the instrument is 0.9680. The US celebrated the Columbus Day yesterday, and didn’t publish any important statistics. However, the International Monetary Fund together with the World Bank made a statement where they emphasised the key risks for global […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after forming a Harami reversal pattern close to the support area during the pullback, EURUSD may reverse in the form of a new correctional wave. In this case, the upside correctional target may be at 0.9735. However, an alternative scenario implies that […]